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they were kidnapped by a pro -- by pro-russia individuals, a pro-russia group in eastern ukraine. >> what were they doing in eastern ewe rain? you say they're inspectors, of what? >> they were there under the vienna document, all 57 nations that are participating states in the organization for security and cooperation in europe to include russia have agreed to a set of measures that are intended to build confidence among the partners, among the participants. part 1 mechanism of that is our nspections that each -- each participating state is obliged to receive a certain number of inspections every year but they can also offer voluntary inspections. >> so they went over there for inspections of what? >> they were there to inspect ukrainian military installations and deployments but also to -- >> they were kid napped by russian sympathizers? >> correct, sir. ? last question. is europe slow-walking saxes because they're concerned about the fact that many of them are totally dependent on russia for their energy and that russia may then just retaliate? is that one of their concerns about s
they were kidnapped by a pro -- by pro-russia individuals, a pro-russia group in eastern ukraine. >> what were they doing in eastern ewe rain? you say they're inspectors, of what? >> they were there under the vienna document, all 57 nations that are participating states in the organization for security and cooperation in europe to include russia have agreed to a set of measures that are intended to build confidence among the partners, among the participants. part 1 mechanism of that...
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the obama administration is defending its latest round of economic sanctions on russia. the financial restrictions target 17 companies and seven officials in president vladimir putin's inner circle. >> since april 17, russia has done nothing to meet its geneva commitments and it is for that reason that we announced the steps that we put in place yesterday. we impose restrictions on a number of russian individuals and entities. there are 17 companies linked to vladimir putin's inner circle. >> the president vladimir putin has acknowledged that the sanchez are creating pressure on them and they did not change their policy. we need to continue to keep our options open. we are prepared to take more action and we have made their we are prepared to take more action if the policy of russia does not change. >> the russian response? the deputy foreign minister says the sanctions will not go unanswered and he says the white house statement wanted discussed and another official says russia is planning retaliatory measures. >> the ideas raised by our western partners to impose sanct
the obama administration is defending its latest round of economic sanctions on russia. the financial restrictions target 17 companies and seven officials in president vladimir putin's inner circle. >> since april 17, russia has done nothing to meet its geneva commitments and it is for that reason that we announced the steps that we put in place yesterday. we impose restrictions on a number of russian individuals and entities. there are 17 companies linked to vladimir putin's inner...
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it has very deep financial ties to russia's energy company. and on monday the u.s. added it to the list of russian facing sanctions. so far exxon's deal is not in jeopardy, but it under scores the modern best. policies does not always mesh with the interests of companies. >> reporter: russian president vladimir putin a picture of cooperation that continues despite escalating tensions over the crisis in ukraine. since 2011 exxonmobil has substantially strengthened it's ties with rosneft with a gas plant in the far east, developed oil fracking sites and joint $3.2 billion project to hunt for oil in the blacks sea and russian russian arctic waters. the trade access to billions of barrels of oil for engineering expertise. >> basically exxon is going to russia because of the opportunities there. and russia wants exxon. >> reporter: the relationship also gives rosneft a food hold in the west with exploration rights in the gulf of mexico. oil gas is a linchpin of russian power and they're poised to enhancement regardless of u.s. foreign policy objectives. >> exxon will sen
it has very deep financial ties to russia's energy company. and on monday the u.s. added it to the list of russian facing sanctions. so far exxon's deal is not in jeopardy, but it under scores the modern best. policies does not always mesh with the interests of companies. >> reporter: russian president vladimir putin a picture of cooperation that continues despite escalating tensions over the crisis in ukraine. since 2011 exxonmobil has substantially strengthened it's ties with rosneft...
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accuse him of having them and then to baghdad, libya, syria, russia and what other nation. then cock the hammer. if they don't do what we demand, start the war drums. this is the geronimo talk before the stupid ti of iraq. since vietnam the lines has been pushed. if a country fails to act the way we'd like we start war talk. we are one thumb to nose away from battle. this is the world of dick cheney, the american enterprise institute and the killers of the keyboard, chicken hawks who send otherses to battle while they man the op-ed pages. president obama did a great job in calling them out for what they are. warriors without swords, hawks without wings. patriots by the page, soldiers of the sound bite. that's "hardball." thanks for joining us. "all in with chris hayes" starts now. >>> effective immediately, i am banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility and he may not participate in any business or player personnel decisi
accuse him of having them and then to baghdad, libya, syria, russia and what other nation. then cock the hammer. if they don't do what we demand, start the war drums. this is the geronimo talk before the stupid ti of iraq. since vietnam the lines has been pushed. if a country fails to act the way we'd like we start war talk. we are one thumb to nose away from battle. this is the world of dick cheney, the american enterprise institute and the killers of the keyboard, chicken hawks who send...
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we have said we will isolate russia. we will make them pay for what they've done, hopefully enough so they will change their calculations. you are right -- sanctions do take time. we have already seen the sanctions we have put in place have a destabilizing effect on the russian economy. we know if president putin cares about the russian people and the economic opportunities they need, he will take steps to come back from the brink here. that is what he should do. >> are you satisfied that europeans are doing enough? the latest round of eu sanctions does not target people close to president putin in the same way that the americans want to. >> well, we are satisfied with what the europeans are doing. we are in lockstep with them in terms of imposing costs on russia. we have always said that our sanctions are designed to be complementary, not to be identical, and we sanction more people by doing it that way, so we will keep working with europeans, recognizing, quite frankly, that they have much closer economic ties to russi
we have said we will isolate russia. we will make them pay for what they've done, hopefully enough so they will change their calculations. you are right -- sanctions do take time. we have already seen the sanctions we have put in place have a destabilizing effect on the russian economy. we know if president putin cares about the russian people and the economic opportunities they need, he will take steps to come back from the brink here. that is what he should do. >> are you satisfied that...
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be freed because they are international observers dually invited under the vienna document, in which russia is a signatory and we're very hopeful that they will be released some time soon. >> do you blame just pro-russian demonstrators in eastern ukraine, ambassador, or do you blame russia itself? >> absolutely not. this is not something that is spontaneous or random. we've been very clear that there's strong evidence that this is a coordinated, kremlin coordinated, series of events, the takeover of the building in luhansk that we heard about a moment ago, i heard a journalist describe it as taking place with military efficiency. that's not an accident. the kremlin is coordinating this. this would not be happening without the kremlin's involvement. >> julia, what's your analysis? >> i think he's absolutely right, especially with what happened in kiev, which the russians are constantly asking us and inviting us to do, equating the movements in eastern ukraine, the pro-russian movements in eastern ukraine and what happened in kiev. it was guys with bats and shin guards. they didn't have this
be freed because they are international observers dually invited under the vienna document, in which russia is a signatory and we're very hopeful that they will be released some time soon. >> do you blame just pro-russian demonstrators in eastern ukraine, ambassador, or do you blame russia itself? >> absolutely not. this is not something that is spontaneous or random. we've been very clear that there's strong evidence that this is a coordinated, kremlin coordinated, series of...
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just passed russia as number two. we are going to pass saudi arabia, we are going to be number one. >> there's so much interest in more domestic production, so many more jobs are being created. i think they've run out of workers. i'm not even sure we can build their roads fast enough to help us get this production under way. it is revitalizing the manufacturing base of america. >> i'm adam scott. we're a registered investment advisor and we invest in oil and gas ships on behalf of our clients. so what are the benefits of fracking? well, it's going to save america's youth from the burden of debt built up by their parents and their grandparents. fracking and the energy industries are going to create an additional 3.5 million jobs by 2020. >> but it is not that simple. there are many real concerns of the impact on our environment and these need to be addressed. >> ♪ one day i lit a match and the water caught on fire i thought about a lawsuit then stumbled upon the fact that fracking is exempted from the clean water act
just passed russia as number two. we are going to pass saudi arabia, we are going to be number one. >> there's so much interest in more domestic production, so many more jobs are being created. i think they've run out of workers. i'm not even sure we can build their roads fast enough to help us get this production under way. it is revitalizing the manufacturing base of america. >> i'm adam scott. we're a registered investment advisor and we invest in oil and gas ships on behalf of...
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vladimir putin said russia will not counter sanction western powers but he did say that russia would reconsider allowing western companies to participate in its energy projects if sanctions continue. >>> today was supposed to be the deadline for a framework for a mideast process. after trying to bring both sides together the talks are off, at least for now. nick schifrin is in jerusalem, nick, it seems like the talks have hit a roadblock yet again. >> yes, a really rather massive roadblock. richelle, since they began they have been one of the top foreign policy priorities. there is shuttle diplomacy, press conferences, private meetings, and today's deadline passed with a whimper without even a phone call between the two sides. >> reporter: for nine months america's top diplomats worked tirelyless on mideast peace. >> this can be achieved. >> reporter: secretary of state john kerry has met with israel i officials 39 times and met with palestinian officials 40 times. both sides were determined. >> i know it's going to be tough, but i also know the consequences of not trying could be wo
vladimir putin said russia will not counter sanction western powers but he did say that russia would reconsider allowing western companies to participate in its energy projects if sanctions continue. >>> today was supposed to be the deadline for a framework for a mideast process. after trying to bring both sides together the talks are off, at least for now. nick schifrin is in jerusalem, nick, it seems like the talks have hit a roadblock yet again. >> yes, a really rather massive...
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. >> intel is producing taped conversation of intelligence operatives take their orders from russia, moscow, and everybody can tell the difference in the accents, and in the idioms and in the language, and so forth. and we know exactly who is giving these orders, we know where they are coming from. >> he's also heard describing his counterpart of of russia. >>> still ahead, it's really true. political ads going positive. we'll tell you why. first, she refused to tell congress what she knows about the irs targeting of conservative groups. now lois lerner's lawyers say they want to talk instead. >>> a former u.s. irs bureaucrat who refuses to talk to congress, lawyers want to talk to congress. it's an attempt to avoid a contempt citation for targeting conservative groups. >> reporter: are the house expected to vote as early as next week to hold former irs official lois lerner in cop temt of -- contempt of congress. her attorney sent a letter to john boehner requesting he be allowed to speak to the house? >> that's not the american way and that's not what's going to happen. >> in his le
. >> intel is producing taped conversation of intelligence operatives take their orders from russia, moscow, and everybody can tell the difference in the accents, and in the idioms and in the language, and so forth. and we know exactly who is giving these orders, we know where they are coming from. >> he's also heard describing his counterpart of of russia. >>> still ahead, it's really true. political ads going positive. we'll tell you why. first, she refused to tell...
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have the cars of the future from the google driverless to the ford ultralight and around the world, russia may not be on the best speaking terms with the u.s. but north korea is a different story. the battle for content and media is told by media these -- disney ceo bob iger. we are going to kick it off --
have the cars of the future from the google driverless to the ford ultralight and around the world, russia may not be on the best speaking terms with the u.s. but north korea is a different story. the battle for content and media is told by media these -- disney ceo bob iger. we are going to kick it off --
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. >> woodruff: russia still has thousands of its own troops massed near ukraine's eastern border. the state department defended secretary john kerry today, over comments that israel could become an apartheid state, unless there's peace with the palestinians. he said it friday, warning israel could wind up with two classes of citizens. in a statement last night, kerry conceded: if i could rewind the tape, i would have chosen a different word. a spokeswoman said today any suggestion that kerry is anti-israel is "completely absurd." the supreme court has upheld federal efforts to stop power plant emissions from blowing across state lines. by six to two today, the justices re-instated a rule adopted in 2011. it requires plants in 27 midwestern and appalachian states to limit pollution that blows downwind to other states. a lower court had blocked the rule from taking effect. house speaker john boehner tried today to smooth ruffled republican feathers, over immigration reform. the dust-up began last week when boehner addressed the immigration issue during an appearance in his home dist
. >> woodruff: russia still has thousands of its own troops massed near ukraine's eastern border. the state department defended secretary john kerry today, over comments that israel could become an apartheid state, unless there's peace with the palestinians. he said it friday, warning israel could wind up with two classes of citizens. in a statement last night, kerry conceded: if i could rewind the tape, i would have chosen a different word. a spokeswoman said today any suggestion that...
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deployments in europe, i think russia has really looked for ways to get into that space. there is this domestic win for putin at home when he is using russian power abroad. so i think that has always been one of his tools to keep russian--the russian population quiet, built his own popularity, and i think we've under estimated that in terms of policy in the past five years. >> nancy soderberg, putin does not send his agenda and plans to the white house, so there is a certain amount of reactive mode action that is going to go on, but has the obama white house and state department been handling this well since the demonstrations at the maidan flared last fall? >> let me push back to what the other colleagues have talked tad about no doctrine and bipolar world. that's so last century thinking. we're trying to direct the world into the 21st century, there have been bumps but i think we're more on track with that. president putt someone certainly a big challenge. it's not our fault that he's making all the wrong decisions for his country. he's driving the country into some ima
deployments in europe, i think russia has really looked for ways to get into that space. there is this domestic win for putin at home when he is using russian power abroad. so i think that has always been one of his tools to keep russian--the russian population quiet, built his own popularity, and i think we've under estimated that in terms of policy in the past five years. >> nancy soderberg, putin does not send his agenda and plans to the white house, so there is a certain amount of...
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. >> russia nairing back with penalties. russian president vladimir putin warned russia may block western participation in the multi billion dollar energy center. the war of words matched more and more by violence on the ground. this, say u.s. officials is not what deescalation looks like. ups of pro russian protesters, seizing yet another ukrainian government building in the east. local riot police tried and failed to diffuse the standoff. u.s. officials say every day there is growing evidence that russia is orchestrating the unrest even as russian officials repeatedly deny it. >> they somehow want to assert that these people moving in disciplined military formation to take over buildings and then bring the local separatists in to occupy the building while they move on to another building. they assert that these people are merely local activists. as we have made clear, those kinds of claims are absurd. they defy any common sense. >> with moscow continuing to brush off american and european economic sanctions, republican and
. >> russia nairing back with penalties. russian president vladimir putin warned russia may block western participation in the multi billion dollar energy center. the war of words matched more and more by violence on the ground. this, say u.s. officials is not what deescalation looks like. ups of pro russian protesters, seizing yet another ukrainian government building in the east. local riot police tried and failed to diffuse the standoff. u.s. officials say every day there is growing...
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so let's talk about russia for a second because of course you talk about gas and russia is is it the biggest player in gas yet twenty six percent of global reserves and how do you know i was about fracking now like fracking is going to change everything talked about that fracking is hype in my opinion a lot of people are making a lot of money out of it but in terms of the amount of money that you have to put in for the amount of money you get out of energy invested for energy it's a terrible thing why is that shell a pulled out why is it chevron don't want to play the big boys can see it's purely a short. short term bubble but it's a good stick to beat the russians with but the economics of fracking are not good are they know they're terrible marks is it fair to say that the bt use needed to frack are greater than the bt use you pull out of not quite but it could easily go that way because right now if interest rates as low as they are because of capital intensive but i want to interest rates rise again you've got a negative return that would be a problem but to me the biggest proble
so let's talk about russia for a second because of course you talk about gas and russia is is it the biggest player in gas yet twenty six percent of global reserves and how do you know i was about fracking now like fracking is going to change everything talked about that fracking is hype in my opinion a lot of people are making a lot of money out of it but in terms of the amount of money that you have to put in for the amount of money you get out of energy invested for energy it's a terrible...
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on the issue of the biggest issue abroad, the situation involving russia and ukraine, a mere 34% approve. what does this does all add up to by a 53 to 39% margin voters say they would rather see republicans to counter obama's policies. are we seeing another set up for the gop like we saw in 2010? independents are more willing to vote for candidates who are against obamacare. they need to go out and be proud of obamacare and they should be using this as a message? what about the independent numbers? >> they are definitely important and i hope they run on obamacare car. i don't think that they will. i think it's really what's the message of the administration. i mean typically presidents don't do as well in the polling in their second term, this isn't a huge surprise to geeks who follow the numbers like you and i. i question what's the message, one minute it's birth control for women, and then red line he's not going to be enforce, then he's talking about the nba. what's the message of this administration? it seems like a ping-pong ball. on obamacare, it touches every single household and
on the issue of the biggest issue abroad, the situation involving russia and ukraine, a mere 34% approve. what does this does all add up to by a 53 to 39% margin voters say they would rather see republicans to counter obama's policies. are we seeing another set up for the gop like we saw in 2010? independents are more willing to vote for candidates who are against obamacare. they need to go out and be proud of obamacare and they should be using this as a message? what about the independent...
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there is none in russia. russia's penetration in e tail is 2%. most is 20%. david: stock symbol, ndx. overview of the slow down in china, how severe do you think it is? >> i would say in the state sector it is more severe. in those companies that were benefiting from all of sort of subsidies and benefits these political affiliations brought. that is where the bigger slowdown is. in the private sector and in the small, medium enterprise, sort of part of the economy is actually relatively vibrant. david: there is social media talk you're interested in, sina, sort of twitter of china, is it not. >> that is correct. there was a recent ipo of the sina wait bow. -- wait bow. -- waebo. they control 50% of the e-commerce sales in russia. david: look how that stock has been beaten down of the not a bad time to get it. move, finally has to be final one, brazil. we talked about change in leadership. they have had a change in leadership to someone not very market friendly, she is not known as being friendly to the market as all but a company called smiles. tell us about
there is none in russia. russia's penetration in e tail is 2%. most is 20%. david: stock symbol, ndx. overview of the slow down in china, how severe do you think it is? >> i would say in the state sector it is more severe. in those companies that were benefiting from all of sort of subsidies and benefits these political affiliations brought. that is where the bigger slowdown is. in the private sector and in the small, medium enterprise, sort of part of the economy is actually relatively...
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secretary says sanctions against russia are working. they have not slowed dissent across ukraine. protesters occupy buildings in one of the largest cities in the east. more than 1,000 storm buildings armed with baseball bats and opened fire on police headquartersers. >> reporter: a day after washington announced a new round of sanctions, brussels linked the names of 15 linked to event in ukraine that it targets. nine are russian, ipp clueing demimry kozak who oversaw the crimea region into russia's federation. >> the e.r. u operator, and the defence minister in charge of the drops on the border. deputy foreign minister says:. >> the american list goes further, including companies and individuals, but stops short of targetting firms like rosnest, the oil giant, simply placing a ban and freeze on its director. now, russia will only feel the effect if there are further sanctions hitting the financial and energy sectors here. things which could hurt europe's interests as well. >> this mostly looks like political gestures, rather than any actions which can really jeopardise - well, rus
secretary says sanctions against russia are working. they have not slowed dissent across ukraine. protesters occupy buildings in one of the largest cities in the east. more than 1,000 storm buildings armed with baseball bats and opened fire on police headquartersers. >> reporter: a day after washington announced a new round of sanctions, brussels linked the names of 15 linked to event in ukraine that it targets. nine are russian, ipp clueing demimry kozak who oversaw the crimea region...
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i reminded her if the europeans had another option rather than depending on russia for its energy, that would be a very big reason-but nevertheless they're saying this isn't about jobs. this is about oil companies getting richer. you say what? >> the state department says there will be 20,000 direct jobs created by this. these are working-class jobs, people with better wages and better benefits, whose children will go to better school and whose future for the family will be brighter for darryl hannah to minimize the impact on those families to show incredible sensitivity to a group of americans having a very hard time now. she can fuss with the state department. it's the state department says this is about at least 20,000 direct jobs. >> congressman, good seeing you again. senator landrieu, if you're watching, you're always invited to come on. >>> severe storms moving across the south at this hour. forcing thousands of evacuations. are we looking at the same today? we are on it, all over it. >> go! now. >> what? >> now! we need it right away! we cannot let the fans down. don't worry! th
i reminded her if the europeans had another option rather than depending on russia for its energy, that would be a very big reason-but nevertheless they're saying this isn't about jobs. this is about oil companies getting richer. you say what? >> the state department says there will be 20,000 direct jobs created by this. these are working-class jobs, people with better wages and better benefits, whose children will go to better school and whose future for the family will be brighter for...
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there's less oil to buy from russia and venezuela and you go down the list. what's at stake here is that the people who object to this pipeline -- i don't doubt their sincerity -- they would not allow us to buy oil from anybody or explore for oil here at home. the people objecting to this pipeline do not have an all-the-the-above approach when it comes to emergency energy f. you left it up to them -- energy. if you left it up to them we'd be doing windmills, solar, no nuclear power. so the president of the united states has turned this issue over to the most extreme people in the country when it comes to politics. they're trumping the unions. they're trumping the speaker, the former presiding officer. they are locking down developing an energy source that we need as a nation, and i just really regret that the president's let them take over this issue at a time when we need more oil from friendly people and less oil from people who hate our guts. dirty oil to me is buying oil from people who will take the proceeds and share it with terrorists. this oil content
there's less oil to buy from russia and venezuela and you go down the list. what's at stake here is that the people who object to this pipeline -- i don't doubt their sincerity -- they would not allow us to buy oil from anybody or explore for oil here at home. the people objecting to this pipeline do not have an all-the-the-above approach when it comes to emergency energy f. you left it up to them -- energy. if you left it up to them we'd be doing windmills, solar, no nuclear power. so the...
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. >> charlie: because russia has the veto. yes? s>> so far, we have nearly 700,000 refugees in our country. about 200,000 of them live in tents and 500,000 of them live in the cities and we have so far spent $3.5 billion for them. the support from other countries where the effort is $150 million, out of which $50 million came from saudi arabia, 25 million from the u.n. and others from a number of countries. but the total amount we've spent so far is $3.5 billion because we host them, we provide food, education, we try to provide assistance to these people, and we want the west to be heard as well. we should be in closer solidarity with the united states in this for example, but we're unable to do this. nothing came out of the geneva talks. we are together with a number of countries in nato. we have a partnership with the u.s. so all those relationships ought to mean something. there are lots of people who are internally displaced, millions, and there are almost 200,000 people who have died. doing nothing and just watching is unacce
. >> charlie: because russia has the veto. yes? s>> so far, we have nearly 700,000 refugees in our country. about 200,000 of them live in tents and 500,000 of them live in the cities and we have so far spent $3.5 billion for them. the support from other countries where the effort is $150 million, out of which $50 million came from saudi arabia, 25 million from the u.n. and others from a number of countries. but the total amount we've spent so far is $3.5 billion because we host...
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seeing how russia behaves now, they may think differently. at what point do you begin to worry about the deflationary impact of a weakening euro? >> i am not too worried about because we have seen in the whole field of central and also macroeconomic policy in europe so that people are becoming more flexible. there is the adherence to the withmental principles fiscal discipline, stable butency, structural reform, should there be really a deflation, a danger in europe, i think the instruments will be also for thet and political authorities of europe to become for a while a little less reliant on their policies. instruments as far as the ecb is concerned might be quantitative easing. should mario draghi be pursuing quantitative easing, and if so, how aggressively? >> he knows, he knows. draghi has shown a very practicality, and i have no doubt that mario draghi is a european central banker but also works with the american culture. >> should he be doing it now? >> probably not yet. >> and why not? the risk reward balance is not quite right yet? >
seeing how russia behaves now, they may think differently. at what point do you begin to worry about the deflationary impact of a weakening euro? >> i am not too worried about because we have seen in the whole field of central and also macroeconomic policy in europe so that people are becoming more flexible. there is the adherence to the withmental principles fiscal discipline, stable butency, structural reform, should there be really a deflation, a danger in europe, i think the...
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stocks and biotech stocks have gotten beaten up this month that today you can say on the contrary, russia's index, bugle is way up, twitter, linkedin, facebook, everything moving hire. we are watching twitter closely as it gets ready to report results "after the bell". expected to lose 3 pennies, tell us what to watch for twitter reports. now more on the nba's dramatic news conference. i honestly think adam silver was so nervous. the note you saw this that he has instituted this ban for life. watch. >> effective immediately i am banning mr. sterling for life from any association with the clippers organization or the nba. i am also finding mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. melissa: you heard the correct numbers on fox business. another and business network had everything wrong. as you heard commissioner and silver has banned him for life and also says the legal do everything to force sterling to sell his team, that he has owned since the 80s. fox business's ashley webster was at a news conference with all the details. every single television ha
stocks and biotech stocks have gotten beaten up this month that today you can say on the contrary, russia's index, bugle is way up, twitter, linkedin, facebook, everything moving hire. we are watching twitter closely as it gets ready to report results "after the bell". expected to lose 3 pennies, tell us what to watch for twitter reports. now more on the nba's dramatic news conference. i honestly think adam silver was so nervous. the note you saw this that he has instituted this ban...
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one begins a national issues he usually follows russia's line it up to russia's invasion of ukraine alarm bells are ringing in minsk that ukraine's problems today could become better races tomorrow. the dimensions on one. the self censure united states have been hit by a wave of devastating tornadoes media least sixteen people dead in arkansas oklahoma and iowa. entire neighborhoods have been wiped out whats with the rescue workers searching for rubble for survivors. when easier with houses on their foundations and played cards small counted only in central arkansas as faulkner county one of the worst hit communities. the word treason we had a big motor home and moved it into the house the south the windows but nothing like looking like this. image or video showed a massive twister is a turn for an area near joplin missouri decided that devastating tornado in two thousand eleven and that left hundred and sixty one people dead and leveled some eight thousand buildings the governor of arkansas has declared a state of emergency in four counties more than forty members of the national g
one begins a national issues he usually follows russia's line it up to russia's invasion of ukraine alarm bells are ringing in minsk that ukraine's problems today could become better races tomorrow. the dimensions on one. the self censure united states have been hit by a wave of devastating tornadoes media least sixteen people dead in arkansas oklahoma and iowa. entire neighborhoods have been wiped out whats with the rescue workers searching for rubble for survivors. when easier with houses on...
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together immediately, with a sense of urgency, to insure that european nations are not dependent on russia for the majority of their energy. in this age of new energy markets, in this age of concern about global climate change and carbon overload we ought to be able to rush to the ability to be able to make europe less dependent. and if we do that, that will be one of the greatest single strategic differences that could be made here. we can deliver greater energy independence and help to diversify energy sources that are available to the european markets, and we can expand the energy infrastructure across europe, and we could build up energy storage capacity throughout the continent. third, we have to invest in the underpinnings of our economic partnership. we aring to, europe and the united states -- together, europe and the united states, two of the largest marketplaces in the world, and fact is we can seriously accelerate growth and job creation and serve as a buffer to any negative impacts of some of the steps we need to take if we move on both sides of the atlantic rapidly to complete
together immediately, with a sense of urgency, to insure that european nations are not dependent on russia for the majority of their energy. in this age of new energy markets, in this age of concern about global climate change and carbon overload we ought to be able to rush to the ability to be able to make europe less dependent. and if we do that, that will be one of the greatest single strategic differences that could be made here. we can deliver greater energy independence and help to...
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russia is not yet on the list. >> thank you so much for sharing your thoughts with us. the cofounder of canyon. i will send it back to you. >> thank you both so much. one of the top stories that we have been following this afternoon, the press conference from the commissioner of the national basketball association saying that the voice heard on the tape making racist comments was in fact that of the owner of the los angeles clippers donald sterling. he has been banned for life. commissioner silver says he will seek a 75% approval from the board of directors to take that franchise away from mr. sterling. we continue to follow the story and give you more details as soon as we get them. headlines onhe bloomberg.com, streaming on your tablet. thank you for joining us. i will see you tomorrow. >> it is 56 past the hour, time to check the markets. let's take a look at where stocks are trading, about an hour left until the end of the session. the nasdaq up 8/10 of one percent as technology leads the rally. we have a lot of tech earnings coming including twitter and ebay. love
russia is not yet on the list. >> thank you so much for sharing your thoughts with us. the cofounder of canyon. i will send it back to you. >> thank you both so much. one of the top stories that we have been following this afternoon, the press conference from the commissioner of the national basketball association saying that the voice heard on the tape making racist comments was in fact that of the owner of the los angeles clippers donald sterling. he has been banned for life....
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with russia point here is a corporation like to be more successful. and you can watch tony brennan was going to be that fast and reliable fully washington's needs the eu has also acted as his morning staple on plants. how wonderful to be short on russian companies. the lake and the money. khamenei said trade between china and the wife mom to two twenty seven billion dollars in twenty thirteen at etsy europe significantly strong economic ties with moscow while another four hundred billion dollars in the same period of time. economist mark scott who said that is not surprised the year ended the end of the functioning mosque that. there's a pretty good diversity of opinion inside you're up inside the eurozone will depart to talk about the single european opinion. that being said europe has had a harder time and is more tentative than more recent effort to get out of this recession than the united states mean the economy is more fragile additionally the defendants particularly our natural resource exports from russia is much higher in europe the united st
with russia point here is a corporation like to be more successful. and you can watch tony brennan was going to be that fast and reliable fully washington's needs the eu has also acted as his morning staple on plants. how wonderful to be short on russian companies. the lake and the money. khamenei said trade between china and the wife mom to two twenty seven billion dollars in twenty thirteen at etsy europe significantly strong economic ties with moscow while another four hundred billion...
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will this new package of sanctions turds dozens of key individuals in russia the weather they will have a bigger impact in the situation in ukraine remains to be seen. the white house said it expanded asset freezes and these advances seven russian government officials as well seventeen companies thing to present clinton's inner circle the european union also banned fifteen more russian officials from entering the twenty eight nation bloc and prose or assets as well these are people who are responsible for actions against a victorian integrity independence. in so many teeth of ukraine. thompson has just been adopted to the sedation still not one decent east of people tied to its essence present rather than we have been told to twenty eight games. russia's deputy foreign minister sergei run it on call this latest round of sanctions a meaningless shameful and disgusting. he said moscow would take retaliatory mantras which were called to be painfully felt in washington. and shifting our focus to the middle east the international community has contained an egyptian court for sentencing hundr
will this new package of sanctions turds dozens of key individuals in russia the weather they will have a bigger impact in the situation in ukraine remains to be seen. the white house said it expanded asset freezes and these advances seven russian government officials as well seventeen companies thing to present clinton's inner circle the european union also banned fifteen more russian officials from entering the twenty eight nation bloc and prose or assets as well these are people who are...
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intention of our reset with russia? >> well back in 200 when president obama used that term the first time, the idea was very simple. that we have some common interest with russia. and if we engage with them f we talk to them we can achieve those outcomes so getting rid of nuclear weapons, sanctions on iran, supplying our troops in afghanistan through russia or increasing trade and investment, and that's what we did. >> we got those. >> we got those. >> where do thing goes south here? is it when we didn't agree with them over the gais s that what it was? because remember those days when the only thing we didn't like was the whole he doesn't like gays people. i'm nostalgic for that at this point. >> imhe-- i'm not. well, it had to do with that. because the reset was with president medvedev. >> stephen: the short guy. >> the short guy, neither is very big but the other guy. >> stephen: putin seems tall, right? >> they're both the same size. but when president putin came in, he changed the tone and then later the policy. i
intention of our reset with russia? >> well back in 200 when president obama used that term the first time, the idea was very simple. that we have some common interest with russia. and if we engage with them f we talk to them we can achieve those outcomes so getting rid of nuclear weapons, sanctions on iran, supplying our troops in afghanistan through russia or increasing trade and investment, and that's what we did. >> we got those. >> we got those. >> where do thing...
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but what russia's actions in ukraine tell us is that today putin's russia is playing by a different set of rules. and through its occupation of crimea and its subsequent destabilization of eastern ukraine, russia seeks to change the security landscape of east and central europe. so we find ourselves in a defining moment for our transatlantic alliance, and nobody should mistake that. and we are prepared to do what we need to do and to go the distance to uphold that alliance. our strength will come from our unity, and the strength of our alliance always has come from our unity over the course of the 65 years. so together we have to push back against those who want to try to change sovereign borders by force. together we have to support those who simply want to try to live as we do or as others do. i remember being in kiev, and a man came up to me and said, you know, i just came back from australia, and i had to come back here, and i had to be part of this, and i had to work so that people here could live the way i saw people living in australia. in today's era of, you know, mobile devices
but what russia's actions in ukraine tell us is that today putin's russia is playing by a different set of rules. and through its occupation of crimea and its subsequent destabilization of eastern ukraine, russia seeks to change the security landscape of east and central europe. so we find ourselves in a defining moment for our transatlantic alliance, and nobody should mistake that. and we are prepared to do what we need to do and to go the distance to uphold that alliance. our strength will...
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is prepared to take additional steps if russia doesn't change its ways. it comes a day after i sat down and talked about the sanctions and criticism of them. >> some of the biggest industrialists in russia, people who are close to the president, some are the core economic interest of the country from oil and gas to banking and to military equipment. these are very important sanctions and sanctions that will get their attention. i think that our goal is to move in a system attic way and careful way and way that gives them a chance to change policy and take a different course. our goal here is not to hurt the russian people, it's to get them to change their policy. and the goal will i think be realized if we continue to work at it step by step working with our allies to make sure that the pressure is not just from the united states but it's from the world community. >> with all due respect, critics in both democratic and republican circles in the senate, for instance, have said this isn't enough, that in fact it hasn't had an impact on putin and on his deci
is prepared to take additional steps if russia doesn't change its ways. it comes a day after i sat down and talked about the sanctions and criticism of them. >> some of the biggest industrialists in russia, people who are close to the president, some are the core economic interest of the country from oil and gas to banking and to military equipment. these are very important sanctions and sanctions that will get their attention. i think that our goal is to move in a system attic way and...
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the us department of defence says it has received assurances that russia will not invade and ukraine the statement says russian defense minister sergei showing the baby promise to his us counterpart truck a golden phone call russian troops have recently carried out major exercises to ukraine's border. choi to explain to go with your presence is due to concerns about possible violence in eastern ukraine. he said ukrainian authorities could use force to harm civilians readers of the us and the european union are urging present but the report him to hold what they called russian intervention in ukraine the white house spokesperson j carty said russia has not only failed to meet its commitments but as escalating the crisis. russian diplomats had agreed in geneva this month to help de escalate tensions in eastern ukraine carney also the administration will apply sanctions to seven more russian officials. seoul the seventeenth of april institutions and energy firms leaders in europe added fifteen names to their sanctions list those targeted will face travel bans and asset freezes. jody nee
the us department of defence says it has received assurances that russia will not invade and ukraine the statement says russian defense minister sergei showing the baby promise to his us counterpart truck a golden phone call russian troops have recently carried out major exercises to ukraine's border. choi to explain to go with your presence is due to concerns about possible violence in eastern ukraine. he said ukrainian authorities could use force to harm civilians readers of the us and the...
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exports to russia. ukraine,ensions in the the u.s. and european union have imposed new sanctions on russia. the national basketball association is set to announce its response today to the racist comments of los angeles clippers owner donald sterling. emerged friday, sterling lambastes his girlfriend for posting a picture with nba legend magic johnson and not to post pictures associated with black people. >> we will get reaction from the nations sports columnist dave zirin. theont is poised to become first day to require the labeling of gmos. >> we do not want to continue to be guinea pigs. we want to have a choice. >> we will speak with vermont state senator david zuckerman. he is also an organic farmer. all that and more coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the white house is releasing a new set of guidelines to address the epidemic of sexual assault on college campuses. a new task force report urges colleges to report anonymous surveys and adopt proven strategies for com
exports to russia. ukraine,ensions in the the u.s. and european union have imposed new sanctions on russia. the national basketball association is set to announce its response today to the racist comments of los angeles clippers owner donald sterling. emerged friday, sterling lambastes his girlfriend for posting a picture with nba legend magic johnson and not to post pictures associated with black people. >> we will get reaction from the nations sports columnist dave zirin. theont is...
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think that approach which concentrated more on quiet discussions with the russia with russia finding areas of cooperation might have been more successful. and you can watch tony brenton's full interview this star's day meanwhile following washington's leaves the e.u. has also added fifteen more names to its block list it has however fallen short of targeting russian companies so let's just have a look and be money at play here trade between russia and the us amounted to twenty seven billion dollars in twenty thirteen combat to europe significantly stronger economic ties with moscow worth over four hundred billion dollars in the same period of time and any restrictions were heard all sides of your government and business consultant christopher are hostile nobody in the game could afford any of these sanctions they will hurt both germany for example is the biggest part of russia and russia is the biggest energy part of old. any saying that washington's a d. in the europeans are not very much for that and that means that there is a discord no disagreement between the u.s. and the europe
think that approach which concentrated more on quiet discussions with the russia with russia finding areas of cooperation might have been more successful. and you can watch tony brenton's full interview this star's day meanwhile following washington's leaves the e.u. has also added fifteen more names to its block list it has however fallen short of targeting russian companies so let's just have a look and be money at play here trade between russia and the us amounted to twenty seven billion...
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meanwhile russia is criticizing the sanctions imposed by the u.s. and eu, but the west says those sanctions are needed because russia is destabilizing ukraine. the white house contains to maintain there will be no military involvement on the part of the u.s. >> typically criticism of our foreign policy has been directed at the failure to use military force. and the question i think i would have is why is it that everybody is so eager to use military force after we have just gone through a decade of war at enormous costs to our troops and to our budget. >> meanwhile the mayor of kharkiv now being treated at a hospital in high fa, israel. he was shot in the back. officials say he is currently in a medically induced coma. >>> secretary of state john kerry saying he has hoped for a deal in peace talks today, but both sides remain bitterly divided. nick schifrin is in jers lem, and the u.s. is saying this is just a pause, but are we actually seeing the end of any line? >> well, as you know, it's never really the end of the line for mideast peace talks, a
meanwhile russia is criticizing the sanctions imposed by the u.s. and eu, but the west says those sanctions are needed because russia is destabilizing ukraine. the white house contains to maintain there will be no military involvement on the part of the u.s. >> typically criticism of our foreign policy has been directed at the failure to use military force. and the question i think i would have is why is it that everybody is so eager to use military force after we have just gone through a...
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stuart: russia's vladimir putin. why don't we -- why don't we in america approve the export of liquefied natural gas? that would give us a great deal of leverage on energy over vladimir putin. >> absolutely. another example how our president does not understand that having a strong domestic economy, strong domestic energy policy translates into leverage on the geopolitical scale internationally because we could reduce russia's revenue from exporting their liquid natural gas by getting into the market. we could reduce that by 30% and keep in mind that 50% of russia's tax base comes from the sale of oil and natural gas but to many of our friends and allies in western europe. stuart: the president obviously knows this coming knows that if we export big time to europe we get leverage over vladimir putin. he knows this, why does he keep denying -- is it 23 permits that are on the table at the moment for the export of liquefied natural gas that are being held up? the president knows what is going on. why does he hold it up
stuart: russia's vladimir putin. why don't we -- why don't we in america approve the export of liquefied natural gas? that would give us a great deal of leverage on energy over vladimir putin. >> absolutely. another example how our president does not understand that having a strong domestic economy, strong domestic energy policy translates into leverage on the geopolitical scale internationally because we could reduce russia's revenue from exporting their liquid natural gas by getting...
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. >> russia hit with new sanctions in the ongoing international pressure to stop moscow to keep from further military intervention in ukraine. 15 people will face travel bands and asset freezes including russia's deputy prime minister and military chief. this comes after the u.s. announced sanctions targeting 17 companies which washington says are linked to president vladimir putin's inner circle. >>> an investigation under way to determine why a plane caught on fire just minutes after takeoff in perth, australia. the pilot shut off the engine and returned to the airport. the plane was able to land safely. it's not clear yet what sparked that fire. >>> as we mentioned, all eyes now on the nba. a news conference scheduled for 2:00 p.m. eastern. what will they do about donald sterling? a suspension? will they toss him from the league all together for his alleged racial comments? coming up, we'll delve into this debate. a lot of issues at stake here. the league could be changed forever. what you wear to bed is your business. so, if you're sleeping in your contact lenses, ask about the a
. >> russia hit with new sanctions in the ongoing international pressure to stop moscow to keep from further military intervention in ukraine. 15 people will face travel bands and asset freezes including russia's deputy prime minister and military chief. this comes after the u.s. announced sanctions targeting 17 companies which washington says are linked to president vladimir putin's inner circle. >>> an investigation under way to determine why a plane caught on fire just minutes...
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expands sanctions against russia, today europe is following suit but nothing so far as stopped scenes like this in donetsk where pro-russian militants attacked a pro-kiev
expands sanctions against russia, today europe is following suit but nothing so far as stopped scenes like this in donetsk where pro-russian militants attacked a pro-kiev
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i don't think it's greater russia he is after so much is this eurasian ideal where he wants to make russia an island unto itself which doesn't participate in the international order. i don't think the sanctions are going to deter him. he's quite driven with what he wants, and he doesn't have a whole lot of good options anyway. but they will undermine his ability to act and an authoritarian regime is expensive to run. there is no point in corruption if there is no money in it. >> right. obviously could get extremely expensive if he decides to expand beyond his borders and moved in to eastern ukraine. a lot of thought-provoking stuff. greg satel, good to have you with us. thank you? >> thanks for having me. >> the world inside and outside the nba is appalled by the alleged racist remarks by one of its owners. what should happen to him now? also, could the battle with the element did turn into a battle between nations? a climate change discussion you have not hurd. f hermella is tracking the top stories on the web. >> what seemed like good news for u.s. education is being met with secretcism.
i don't think it's greater russia he is after so much is this eurasian ideal where he wants to make russia an island unto itself which doesn't participate in the international order. i don't think the sanctions are going to deter him. he's quite driven with what he wants, and he doesn't have a whole lot of good options anyway. but they will undermine his ability to act and an authoritarian regime is expensive to run. there is no point in corruption if there is no money in it. >> right....
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but this is a good time to exert economic rusher on russia -- to exert economic pressure on russia. >> are they strong enough to do that? >> the worst estimates right now , maybe a 4% contraction. even if the russian economy shrank by 9%, it would still have a very small effect on the core european economy. there is interdependence here. it is russia that will feel much more pain than germany. in that sense, the west still has some real cards to play. >> do they have the guts to play them? >> that's an excellent question. >> by renouncing the use of military force, i think the president has undermined his own diplomacy. sanctions are a powerful weapon but russia is a lot bigger than russia -- then i ran -- is a lot bigger than iran. >> there is an institutional malaise, governments are too large and spend too much money. there are people who disagree with you. in your opinion, who is the most dangerous economic thinker writing today? >> i'm going to be extremely careful about answering that. >> you've never been extremely careful to date, why start now? are you kidding me? >> it is im
but this is a good time to exert economic rusher on russia -- to exert economic pressure on russia. >> are they strong enough to do that? >> the worst estimates right now , maybe a 4% contraction. even if the russian economy shrank by 9%, it would still have a very small effect on the core european economy. there is interdependence here. it is russia that will feel much more pain than germany. in that sense, the west still has some real cards to play. >> do they have the guts...
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i asked about russia's recent activity in ukraine. >> you have a good relationship with russia. you respect vladimir putin, yes? >> translator: yes, we respect and like each other. >> so what do you tell him when he invades crimea? what do you tell him when he puts the troops on the border of ukraine? >> translator: in our conversation about crimea, i told him that i did not agree with his actions. he said that they were there because the people in crimea wanted to see them there. and my reaction to that is that there could be other countries in the world who may look to somebody else to come in, but that cannot be justification for that action. we should let those people stand on their own feet. he says something we can help them in that process with, then that's what we should do so they can stand on their own feet. and with respect to the ukraine, there will be elections end of next month. they have to get necessary support for the elections to go forward as soon as possible. provocation may be made to prevent the elections from taking place. that's something that we have to
i asked about russia's recent activity in ukraine. >> you have a good relationship with russia. you respect vladimir putin, yes? >> translator: yes, we respect and like each other. >> so what do you tell him when he invades crimea? what do you tell him when he puts the troops on the border of ukraine? >> translator: in our conversation about crimea, i told him that i did not agree with his actions. he said that they were there because the people in crimea wanted to see...
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and a big sigh of relief apparently in russia as the ruble improved as well as the stock market. so if the sanctions are are to get putin's attention and change behavior specifically related to the border between ukraine and russia, that eastern border, it is not seeming to do that at all. and it is going on and on. >> and what is the message to the american companies and the european allies who are concerned about the economic impact that stronger sanctions would have on companies there and here, and also in the flow of oil to countries heavily dependent on the russian oil. >> i am glad you brought it up with the russian oil, because that is what they use to feed and fund all of the russian activities, and over half of the money comes from the selling of oil and gas to foreign countries, and i'm trying to get liquefied natural gas and what i heard in ukraine, and moldova, and latvia, and latin america is that we need energy sources other than being so dependent under russia and vladimir putin where he uses the energy as a carrot and a stick to punish those who don't go with him
and a big sigh of relief apparently in russia as the ruble improved as well as the stock market. so if the sanctions are are to get putin's attention and change behavior specifically related to the border between ukraine and russia, that eastern border, it is not seeming to do that at all. and it is going on and on. >> and what is the message to the american companies and the european allies who are concerned about the economic impact that stronger sanctions would have on companies there...
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years ago today according to the president calls cooperation has been established between kazakhstan russia melrose businessman in three countries open joint ventures students can study of any receipt and ordinary students and equal rights to employment. someone is too much to do this. heroes is going to congress considers that it is a valid on the twentieth anniversary of its establishment as when the sun historical agreement on establishment of this integration association austin are still a country show their interest economic potential is very high the problem of the economies of the three countries will amount to two point two trillion dollars billabong of investor production to three countries will make one point five trillion us dollars to a specialist dusty or asian economic integration provides us with the overall strategic advantage properties events in general we see huge positive role specific result of eurasia integration process. we'll check in with the numbers comparable to perform such vocal about the removal of the eurasian economic unit revival of the soviet union and peop
years ago today according to the president calls cooperation has been established between kazakhstan russia melrose businessman in three countries open joint ventures students can study of any receipt and ordinary students and equal rights to employment. someone is too much to do this. heroes is going to congress considers that it is a valid on the twentieth anniversary of its establishment as when the sun historical agreement on establishment of this integration association austin are still a...
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checking russia russia cent of them seem like they'd been drinking a pic but i can tell you a very odd chance that it isn't done yet the capital of this eastern region of ukraine. as in more violence in baghdad this morning ahead of tomorrow's general election. a bomb attack on an outdoor market northeast in northeastern baghdad has killed at least eleven people will add just at that scene from a range of messages coming in the d still still sketchy this was yesterday fined and swim in it and started putting stations across much of the country kidding the sports he seeks out people is as good a day she got underway for peace and security forces ahead of tomorrow's general election it will be the first the general election held in iraq since the withdrawal of american troops. a peace deal for the middle east was to be reached by state that was john kerry's plan as he kicked off the latest round of israeli palestinian talks last summer instead. the mac is actually a state finds itself embroiled in a rout with a set of allegations that he wanted risk becoming an apartheid state. john kerr
checking russia russia cent of them seem like they'd been drinking a pic but i can tell you a very odd chance that it isn't done yet the capital of this eastern region of ukraine. as in more violence in baghdad this morning ahead of tomorrow's general election. a bomb attack on an outdoor market northeast in northeastern baghdad has killed at least eleven people will add just at that scene from a range of messages coming in the d still still sketchy this was yesterday fined and swim in it and...
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on monday, russia's defense minister assured chuck hagel that russia will not invade ukraine. ukraine's acting president urged lawmakers today in kiev to quickly adopt a new constitution he says could preserve unity. militants continue to hold dozens of hostages, including seven military observers. on monday evening there were violent clashes in donetsk after the militia attacked demonstrators during a unity rally. jim maceda was at that rally and joins us live from donetsk. jim, you have been covering this from the beginning and it appears as though the violence, the tension continues to just escalate. is that a fair assessment? >> reporter: yeah, kristen, i would say that the fair assessment is that this region is always teetering on violence. it's on the edge of anarchy and it could go either way. you referred to the demonstration last night. we were there, as you said. it started out very peacefully in downtown donetsk. this was not a group of neo-nazis as all the russian state media have been reporting but rather ukrainians from all walks of life. we saw people -- mothers
on monday, russia's defense minister assured chuck hagel that russia will not invade ukraine. ukraine's acting president urged lawmakers today in kiev to quickly adopt a new constitution he says could preserve unity. militants continue to hold dozens of hostages, including seven military observers. on monday evening there were violent clashes in donetsk after the militia attacked demonstrators during a unity rally. jim maceda was at that rally and joins us live from donetsk. jim, you have been...
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took new action against russia for its role in
took new action against russia for its role in
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Apr 29, 2014
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an interesting exercise since the guy who used to live in that palace is now protected in russia. matthew chance joins us from washington. what are the russians saying about this? >> reporter: there's been no official reaction of course to this. you're right the ousted former president of ukraine does indeed live somewhere in the moscow region. you know what? i think many russians see this exercise, however valiant it is, as being something of double standards. yes, okay. it may be worthy to look for the stolen assets of this regime but will the shortcomings or corruption of previous ukrainian administrations will they also be investigated? many russians feel this is a double standard. it is a worthy enterprise. the prosecute general of ukraine says already he's located $3 billion worth of stolen assets. this forum taking place in london at the moment is going to take a long time. it's a two-day forum but it will take years to find the other missing millions and the missing billions. what organizers say is it is going to send a strong message that people who carry out this corrupt
an interesting exercise since the guy who used to live in that palace is now protected in russia. matthew chance joins us from washington. what are the russians saying about this? >> reporter: there's been no official reaction of course to this. you're right the ousted former president of ukraine does indeed live somewhere in the moscow region. you know what? i think many russians see this exercise, however valiant it is, as being something of double standards. yes, okay. it may be worthy...
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it will be some kind of exogenous event, could be something as simple as russia ukraine becoming more difficult. >> okay. >> don't know. something out of the ordinary. >> i wondered if you were going to say growth is disappointing and perhaps won't get the growth the market assumed. if you look at what's happening in the market you have strong rotation. we've spoken many times about the high flying tech stocks, biotech, social media, that have lost a huge amount of value but you see weakness in housing. in financials. economically sensitive areas, the utility index is pushing up towards an all-time high. what do you do with that rotation? do you follow through? >> well, we look at the individual companies and their own valuations. so we think that some of the high flyers, which have come down, are still at fairly lofty valuations and hard to justify. we contrast that with other old technology dinosaurs like microsoft, cisco, hewlett-packard, where their actual results have been quite good and their valuations are very attractive. so we wouldn't necessarily look at the rotation in a ki
it will be some kind of exogenous event, could be something as simple as russia ukraine becoming more difficult. >> okay. >> don't know. something out of the ordinary. >> i wondered if you were going to say growth is disappointing and perhaps won't get the growth the market assumed. if you look at what's happening in the market you have strong rotation. we've spoken many times about the high flying tech stocks, biotech, social media, that have lost a huge amount of value but...